Bet f1 costs a lot more than other shows, again, they also have to cater for other shows. Look at the crap ITV and Channel 5 spend their money on, or Sky for that matter. It's just Sky have more money to spend.
ITV and Channel 5 can put as much crap on as they like. It's not my money they are wasting.
The problem I think is a lack of funding for the bbc, fund them well and they do have the talent to produce great stuff. Squeeze them, and it's not so surprising they go for the cheapest options.
The BBC are funded well. But paying the likes of Garham Norton £2,000,000 or some news reader £500,000 is totally unacceptable. Over paying non-entities for not doing very much is why they are having money troubles. They just have to learn to do more with less and stop wasting money at every given opportunity.
They won't have any decent staff by not paying them competitive wages, as soon as a new staff member got a better offer they'd jump ship, the BBC would loose out massively to others and people would further complain about the license fee being wasted as the BBC aren't very good.
If we're going to discuss if the BBC are wasting money, I'll come back later and look at it properly by looking for independent reports (naive I guess, a cross section at least). For all you know I could be making stuff up, or it is just plain inaccurate, and vice-versa.